2016 Form 10-K Financial Statement

#000000357017000052 Filed on February 24, 2017

View on sec.gov

Income Statement

Concept 2016 2015 Q4 2015 Q3
Revenue $1.283B $68.43M $66.06M
YoY Change 373.43% 3.76% -1.12%
Cost Of Revenue $582.0M $30.40M -$24.21M
YoY Change -3980.0% 101.32% -193.49%
Gross Profit $701.0M $38.00M $90.27M
YoY Change 145.1% -25.2% 120.72%
Gross Profit Margin 54.64% 55.53% 136.66%
Selling, General & Admin $260.0M $160.7M $97.33M
YoY Change -28.37% 48.93% 31.0%
% of Gross Profit 37.09% 422.89% 107.82%
Research & Development $7.000M $4.935M
YoY Change -83.33% -57.25%
% of Gross Profit 1.0% 5.47%
Depreciation & Amortization $174.0M $23.10M $21.64M
YoY Change 109.64% 50.98% 33.66%
% of Gross Profit 24.82% 60.79% 23.97%
Operating Expenses $1.313B $187.9M $118.1M
YoY Change 82.36% 23.7% -7.69%
Operating Profit -$30.00M -$241.1M -$52.07M
YoY Change -93.32% 138.71% -14.86%
Interest Expense $488.0M -$44.90M $93.57M
YoY Change 51.55% -44.22% 99.57%
% of Operating Profit
Other Income/Expense, Net -$633.0M $1.200M -$255.1M
YoY Change -2.31% -340.0% 512.23%
Pretax Income -$663.0M -$312.8M -$307.2M
YoY Change -39.56% 71.87% 198.71%
Income Tax $2.000M -$200.0K -$69.00K
% Of Pretax Income
Net Earnings -$610.0M -$291.1M -$297.8M
YoY Change -37.44% 83.53% 232.45%
Net Earnings / Revenue -47.54% -425.38% -450.82%
Basic Earnings Per Share -$2.67
Diluted Earnings Per Share -$2.67 -$1.278M -$1.311M
COMMON SHARES
Basic Shares Outstanding 228.8M shares 236.0M shares 227.1M shares
Diluted Shares Outstanding 228.8M shares 227.1M shares

Balance Sheet

Concept 2016 2015 Q4 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $875.8M $1.201B $1.340B
YoY Change -27.08% -31.29% 69.19%
Cash & Equivalents $875.8M $1.201B $1.340B
Short-Term Investments
Other Short-Term Assets $984.4M $50.79M $730.0M
YoY Change 76.54% -89.9% 7.2%
Inventory $160.2M $18.13M $9.032M
Prepaid Expenses
Receivables $87.56M $5.749M $6.645M
Other Receivables $130.4M $0.00 $0.00
Total Short-Term Assets $2.238B $1.783B $2.086B
YoY Change 25.57% -21.09% 38.18%
LONG-TERM ASSETS
Property, Plant & Equipment $20.64B $16.19B $15.23B
YoY Change 27.43% 75.13% 76.33%
Goodwill $76.82M $76.82M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $10.10M $20.30M
YoY Change 6.46%
Other Assets $711.0M $314.5M $273.8M
YoY Change -5.92% 68.74% 93.16%
Total Long-Term Assets $21.46B $17.03B $16.37B
YoY Change 26.07% 65.07% 59.27%
TOTAL ASSETS
Total Short-Term Assets $2.238B $1.783B $2.086B
Total Long-Term Assets $21.46B $17.03B $16.37B
Total Assets $23.70B $18.81B $18.45B
YoY Change 26.02% 49.59% 56.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $48.58M $22.82M $11.56M
YoY Change 112.87% 69.97% -28.05%
Accrued Expenses $637.1M $427.2M $457.9M
YoY Change 49.13% 152.59% 20.82%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $247.5M
YoY Change
Total Short-Term Liabilities $1.077B $2.185B $530.2M
YoY Change -50.73% 840.0% 20.84%
LONG-TERM LIABILITIES
Long-Term Debt $21.69B $14.92B $15.84B
YoY Change 45.3% 52.15% 76.15%
Other Long-Term Liabilities $94.64M $53.07M $85.23M
YoY Change -28.55% 167.48% 627.49%
Total Long-Term Liabilities $21.79B $14.97B $15.92B
YoY Change 44.65% 52.39% 76.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.077B $2.185B $530.2M
Total Long-Term Liabilities $21.79B $14.97B $15.92B
Total Liabilities $25.10B $17.16B $16.45B
YoY Change 27.34% 70.59% 74.27%
SHAREHOLDERS EQUITY
Retained Earnings -$3.624B -$3.333B
YoY Change 36.81% 33.84%
Common Stock $0.00 $708.0K
YoY Change -100.0% -0.98%
Preferred Stock
YoY Change
Treasury Stock (at cost) $353.9M $337.1M
YoY Change 20.9% 49.84%
Treasury Stock Shares 11.65M shares 11.25M shares
Shareholders Equity -$1.396B -$901.9M -$639.9M
YoY Change
Total Liabilities & Shareholders Equity $23.70B $18.81B $18.45B
YoY Change 26.02% 49.59% 56.57%

Cashflow Statement

Concept 2016 2015 Q4 2015 Q3
OPERATING ACTIVITIES
Net Income -$610.0M -$291.1M -$297.8M
YoY Change -37.44% 83.53% 232.45%
Depreciation, Depletion And Amortization $174.0M $23.10M $21.64M
YoY Change 109.64% 50.98% 33.66%
Cash From Operating Activities -$404.0M -$207.9M $20.40M
YoY Change -16.36% -6.22% -168.46%
INVESTING ACTIVITIES
Capital Expenditures $4.356B -$1.105B -$1.453B
YoY Change -36.44% 41.38% 108.86%
Acquisitions
YoY Change
Other Investing Activities $57.00M -$5.350B $1.137B
YoY Change -56.49% 164.44% 72.51%
Cash From Investing Activities -$4.413B -$6.455B -$315.6M
YoY Change -36.81% 130.14% 769.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $4.908B 6.027B 165.2M
YoY Change -23.59% 78.01% -613.04%
NET CHANGE
Cash From Operating Activities -$404.0M -207.9M 20.40M
Cash From Investing Activities -$4.413B -6.455B -315.6M
Cash From Financing Activities $4.908B 6.027B 165.2M
Net Change In Cash $91.00M -636.5M -130.0M
YoY Change -108.72% -277.3% 32.25%
FREE CASH FLOW
Cash From Operating Activities -$404.0M -$207.9M $20.40M
Capital Expenditures $4.356B -$1.105B -$1.453B
Free Cash Flow -$4.760B $897.1M $1.473B
YoY Change -35.11% 60.23% 121.27%

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188480000 USD
CY2016Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
199070000 USD
CY2015Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
166321000 USD
CY2016Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
183153000 USD
CY2015Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
5641000 USD
CY2016Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
13511000 USD
CY2015Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
12957000 USD
CY2016Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
0 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
71693000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
52727000 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1070309000 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1251959000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Financing Arrangements
DeferredTaxLiabilitiesFinancingArrangements
128948000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Financing Arrangements
DeferredTaxLiabilitiesFinancingArrangements
118341000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
57466000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
76265000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
0 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
4464000 USD
CY2014 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3600000 USD
CY2015 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
4900000 USD
CY2016 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
6300000 USD
CY2016 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
0 USD
CY2016 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.06
CY2016 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
1
CY2014 us-gaap Depreciation
Depreciation
64200000 USD
CY2015 us-gaap Depreciation
Depreciation
82400000 USD
CY2016 us-gaap Depreciation
Depreciation
172600000 USD
CY2014 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
64258000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
82680000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
174042000 USD
CY2015Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
3416000 USD
CY2016Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
23750000 USD
CY2015Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
30887000 USD
CY2016Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
82861000 USD
CY2014 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-118968000 USD
CY2015 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-168426000 USD
CY2016 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
28232000 USD
CY2015Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
35201000 USD
CY2016Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
70673000 USD
CY2015Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
79387000 USD
CY2016Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
45106000 USD
CY2014 us-gaap Dividends
Dividends
0 USD
CY2015 us-gaap Dividends
Dividends
0 USD
CY2016 us-gaap Dividends
Dividends
0 USD
CY2014 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-2.44
CY2015Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.18
CY2015Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.52
CY2015Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.31
CY2015Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.28
CY2015 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-4.30
CY2016Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.41
CY2016Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.31
CY2016Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.44
CY2016Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.48
CY2016 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-2.67
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.004
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.001
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.003
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2014 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.198
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.301
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.275
CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.020
CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.013
CY2016 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.012
CY2014 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
-0.048
CY2015 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
-0.023
CY2016 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
-0.021
CY2014 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.000
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.026
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.066
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.006
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.005
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.003
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.043
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.019
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.018
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
-0.125
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.000
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.000
CY2015Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
99511000 USD
CY2016Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
55980000 USD
CY2014 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
8226000 USD
CY2015 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
22912000 USD
CY2016 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
16312000 USD
CY2016Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
125300000 USD
CY2016 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y8M1D
CY2015Q4 us-gaap Equity Method Investments
EquityMethodInvestments
20295000 USD
CY2016Q4 us-gaap Equity Method Investments
EquityMethodInvestments
10097000 USD
CY2014 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-119401000 USD
CY2015 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-203639000 USD
CY2016 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-10130000 USD
CY2014 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
22758000 USD
CY2015 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
99616000 USD
CY2016 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
44952000 USD
CY2014 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-114335000 USD
CY2015 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-124180000 USD
CY2016 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-135142000 USD
CY2015Q4 us-gaap Goodwill
Goodwill
76819000 USD
CY2016Q4 us-gaap Goodwill
Goodwill
76819000 USD
CY2015 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2016 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2014 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-687734000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1097411000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-662885000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4143000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-96000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1908000 USD
CY2014 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-67000 USD
CY2015 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
662000 USD
CY2016 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
207470000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
16073000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1727000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
64093000 USD
CY2014 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-3938000 USD
CY2015 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-3986000 USD
CY2016 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
41961000 USD
CY2014 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
18874000 USD
CY2015 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
27876000 USD
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
119302000 USD
CY2014 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-1977000 USD
CY2015 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
18935000 USD
CY2016 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
10500000 USD
CY2014 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
405800000 USD
CY2015 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
675410000 USD
CY2016 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
812799000 USD
CY2014 us-gaap Interest Costs Incurred
InterestCostsIncurred
587036000 USD
CY2015 us-gaap Interest Costs Incurred
InterestCostsIncurred
997493000 USD
CY2016 us-gaap Interest Costs Incurred
InterestCostsIncurred
1301189000 USD
CY2014 us-gaap Interest Expense
InterestExpense
181236000 USD
CY2015 us-gaap Interest Expense
InterestExpense
322083000 USD
CY2016 us-gaap Interest Expense
InterestExpense
488390000 USD
CY2014 us-gaap Interest Paid Net
InterestPaidNet
130578000 USD
CY2015 us-gaap Interest Paid Net
InterestPaidNet
122860000 USD
CY2016 us-gaap Interest Paid Net
InterestPaidNet
66436000 USD
CY2015Q4 us-gaap Interest Payable Current
InterestPayableCurrent
159968000 USD
CY2016Q4 us-gaap Interest Payable Current
InterestPayableCurrent
273053000 USD
CY2015Q4 us-gaap Inventory Net
InventoryNet
18125000 USD
CY2016Q4 us-gaap Inventory Net
InventoryNet
160161000 USD
CY2014 us-gaap Inventory Write Down
InventoryWriteDown
24461000 USD
CY2014 us-gaap Inventory Write Down
InventoryWriteDown
24461000 USD
CY2015 us-gaap Inventory Write Down
InventoryWriteDown
17537000 USD
CY2015 us-gaap Inventory Write Down
InventoryWriteDown
17537000 USD
CY2016 us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2016 us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2014 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
19100000 USD
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
40600000 USD
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
85800000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
18809053000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
23702737000 USD
CY2015Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2185268000 USD
CY2016Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1076669000 USD
CY2015Q4 us-gaap Long Term Debt
LongTermDebt
14920427000 USD
CY2016Q4 us-gaap Long Term Debt
LongTermDebt
21687532000 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
14046008000 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
247467000 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
5486831000 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
2874000000 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 USD
CY2015Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
14920427000 USD
CY2016Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
21687532000 USD
CY2015Q4 us-gaap Minority Interest
MinorityInterest
2463253000 USD
CY2016Q4 us-gaap Minority Interest
MinorityInterest
2234821000 USD
CY2014 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
79517000 USD
CY2015 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
80235000 USD
CY2016 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
80055000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3349044000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6422331000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4907575000 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2896420000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6983711000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4413411000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-262798000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-482520000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-403842000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
-267709000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
-118495000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
-297808000 USD
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
-291097000 USD
CY2015 us-gaap Net Income Loss
NetIncomeLoss
-975109000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
-320838000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
-298418000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
-100442000 USD
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
109707000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
-609991000 USD
CY2014 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-143945000 USD
CY2015 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-122206000 USD
CY2016 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-54802000 USD
CY2014 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
228781000 USD
CY2014 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-415555000 USD
CY2015 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-648098000 USD
CY2016 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-633518000 USD
CY2016 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 item
CY2014 us-gaap Oil And Gas Sales Revenue
OilAndGasSalesRevenue
-1286000 USD
CY2015 us-gaap Oil And Gas Sales Revenue
OilAndGasSalesRevenue
66000 USD
CY2016 us-gaap Oil And Gas Sales Revenue
OilAndGasSalesRevenue
1016133000 USD
CY2014 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
84745000 USD
CY2015 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
94800000 USD
CY2016 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
216220000 USD
CY2014 us-gaap Operating Expenses
OperatingExpenses
540133000 USD
CY2015 us-gaap Operating Expenses
OperatingExpenses
720198000 USD
CY2016 us-gaap Operating Expenses
OperatingExpenses
1312534000 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
-272179000 USD
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-60244000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-95874000 USD
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-52074000 USD
CY2015Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-241121000 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
-449313000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-90559000 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-76454000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
15276000 USD
CY2016Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
122370000 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
-29367000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
539853000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
129000000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
21651000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
83418000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
102451000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
106519000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
96814000 USD
CY2015Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
18043000 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
24244000 USD
CY2014 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
0 USD
CY2015 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
91317000 USD
CY2016 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
10572000 USD
CY2015Q4 us-gaap Other Assets Current
OtherAssetsCurrent
50787000 USD
CY2016Q4 us-gaap Other Assets Current
OtherAssetsCurrent
100748000 USD
CY2015Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
47306000 USD
CY2016Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
35019000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
314455000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
302075000 USD
CY2014 us-gaap Other Cost And Expense Operating
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Concentration of Credit Risk</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject us to a concentration of credit risk consist principally of cash and cash equivalents and restricted cash. We maintain cash balances at financial institutions, which may at times be in excess of federally insured levels. We have not incurred losses related to these balances to date.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The use of derivative instruments exposes us to counterparty credit risk, or the risk that a counterparty will be unable to meet its commitments. Our commodity derivative transactions are executed through over-the-counter contracts which are subject to nominal credit risk as these transactions are settled on a daily margin basis with investment grade financial institutions. Collateral deposited for such contracts is recorded as other current asset. Our interest rate and FX derivative instruments are placed with investment grade financial institutions whom we believe are acceptable credit risks. We monitor counterparty creditworthiness on an ongoing basis; however, we cannot predict sudden changes in counterparties&#8217; creditworthiness. In addition, even if such changes are not sudden, we may be limited in our ability to mitigate an increase in counterparty credit risk. Should one of these counterparties not perform, we may not realize the benefit of some of our derivative instruments.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SPL has entered into </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> fixed price </font><font style="font-family:inherit;font-size:10pt;">20</font><font style="font-family:inherit;font-size:10pt;">-year SPAs with </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> unaffiliated third parties. CCL has entered into </font><font style="font-family:inherit;font-size:10pt;">eight</font><font style="font-family:inherit;font-size:10pt;"> fixed price </font><font style="font-family:inherit;font-size:10pt;">20</font><font style="font-family:inherit;font-size:10pt;">-year SPAs with </font><font style="font-family:inherit;font-size:10pt;">seven</font><font style="font-family:inherit;font-size:10pt;"> unaffiliated third parties. SPL and CCL are dependent on the respective counterparties&#8217; creditworthiness and their willingness to perform under their respective SPAs. During the </font><font style="font-family:inherit;font-size:10pt;">year ended December 31, 2016</font><font style="font-family:inherit;font-size:10pt;">, we received </font><font style="font-family:inherit;font-size:10pt;">50%</font><font style="font-family:inherit;font-size:10pt;"> of our net LNG revenues from </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> SPA customer, which was generated by our LNG terminal segment.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SPLNG has entered into </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> long-term TUAs with unaffiliated third parties for regasification capacity at the Sabine Pass LNG terminal, which accounts for substantially all of the regasification revenues in our LNG terminal segment. SPLNG is dependent on the respective counterparties&#8217; creditworthiness and their willingness to perform under their respective TUAs. SPLNG has mitigated this credit risk by securing TUAs for a significant portion of its regasification capacity with creditworthy third-party customers with a minimum Standard&#160;&amp; Poor&#8217;s rating of AA.</font></div></div>
CY2016 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ORGANIZATION AND NATURE OF OPERATIONS</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cheniere, a Delaware corporation, is a Houston-based energy company primarily engaged in LNG-related businesses. We own and operate the Sabine Pass LNG terminal in Louisiana through our ownership interest in and management agreements with Cheniere Partners, which is a publicly traded limited partnership that we created in 2007. We own </font><font style="font-family:inherit;font-size:10pt;">100%</font><font style="font-family:inherit;font-size:10pt;"> of the general partner interest in Cheniere Partners and </font><font style="font-family:inherit;font-size:10pt;">82.6%</font><font style="font-family:inherit;font-size:10pt;"> of Cheniere Holdings, which is a publicly traded limited liability company formed in 2013 that owns a </font><font style="font-family:inherit;font-size:10pt;">55.9%</font><font style="font-family:inherit;font-size:10pt;"> limited partner interest in Cheniere Partners. We are currently developing and constructing </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> natural gas liquefaction and export facilities.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Sabine Pass LNG terminal is located in Cameron Parish, Louisiana, on the Sabine-Neches Waterway less than four miles from the Gulf Coast. Cheniere Partners is developing, constructing and operating natural gas liquefaction facilities </font><font style="font-family:inherit;font-size:10pt;">(the &#8220;SPL Project&#8221;)</font><font style="font-family:inherit;font-size:10pt;"> at the Sabine Pass LNG terminal adjacent to the existing regasification facilities through a wholly owned subsidiary, SPL. Cheniere Partners plans to construct up to </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> Trains, which are in various stages of development, construction and operations. Trains 1 and 2 have commenced operating activities, Train 3 is undergoing commissioning and has produced LNG, Trains 4 and 5 are under construction and Train 6 is fully permitted. Each Train&#160;is expected to have a nominal production capacity, which is prior to adjusting for planned maintenance, production reliability and potential overdesign, of approximately </font><font style="font-family:inherit;font-size:10pt;">4.5</font><font style="font-family:inherit;font-size:10pt;"> mtpa of LNG. The Sabine Pass LNG terminal has operational regasification facilities owned by Cheniere Partners&#8217; wholly owned subsidiary, SPLNG, that include existing infrastructure of </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;"> LNG storage tanks with capacity of approximately </font><font style="font-family:inherit;font-size:10pt;">16.9</font><font style="font-family:inherit;font-size:10pt;"> Bcfe, </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> marine berths that can accommodate vessels with nominal capacity of up to </font><font style="font-family:inherit;font-size:10pt;">266,000</font><font style="font-family:inherit;font-size:10pt;"> cubic meters and vaporizers with regasification capacity of approximately </font><font style="font-family:inherit;font-size:10pt;">4.0</font><font style="font-family:inherit;font-size:10pt;"> Bcf/d. Cheniere Partners also owns a </font><font style="font-family:inherit;font-size:10pt;">94</font><font style="font-family:inherit;font-size:10pt;">-mile pipeline that interconnects the Sabine Pass LNG terminal with a number of large interstate pipelines </font><font style="font-family:inherit;font-size:10pt;">(the &#8220;Creole Trail Pipeline&#8221;)</font><font style="font-family:inherit;font-size:10pt;"> through a wholly owned subsidiary, CTPL. </font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are developing and constructing a second natural gas liquefaction and export facility at the Corpus Christi LNG terminal, which is on nearly </font><font style="font-family:inherit;font-size:10pt;">2,000</font><font style="font-family:inherit;font-size:10pt;"> acres of land that we own or control near Corpus Christi, Texas, and a pipeline facility </font><font style="font-family:inherit;font-size:10pt;">(collectively, the &#8220;CCL Project&#8221;)</font><font style="font-family:inherit;font-size:10pt;"> through wholly owned subsidiaries CCL and CCP, respectively. The </font><font style="font-family:inherit;font-size:10pt;">CCL Project</font><font style="font-family:inherit;font-size:10pt;"> is being developed for up to </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> Trains, with expected aggregate nominal production capacity, which is prior to adjusting for planned maintenance, production reliability and potential overdesign, of approximately </font><font style="font-family:inherit;font-size:10pt;">13.5</font><font style="font-family:inherit;font-size:10pt;"> mtpa of LNG, </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> LNG storage tanks with capacity of approximately </font><font style="font-family:inherit;font-size:10pt;">10.1</font><font style="font-family:inherit;font-size:10pt;"> Bcfe and </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> marine berths that can accommodate vessels with nominal capacity of up to </font><font style="font-family:inherit;font-size:10pt;">266,000</font><font style="font-family:inherit;font-size:10pt;"> cubic meters. The </font><font style="font-family:inherit;font-size:10pt;">CCL Project</font><font style="font-family:inherit;font-size:10pt;"> is being developed in stages. The first stage </font><font style="font-family:inherit;font-size:10pt;">(&#8220;Stage 1&#8221;)</font><font style="font-family:inherit;font-size:10pt;"> is in construction and includes Trains 1 and </font><font style="font-family:inherit;font-size:10pt;">2</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> LNG storage tanks, </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> complete marine berth and a second partial berth and all of the </font><font style="font-family:inherit;font-size:10pt;">CCL Project</font><font style="font-family:inherit;font-size:10pt;">&#8217;s necessary infrastructure facilities. The second stage </font><font style="font-family:inherit;font-size:10pt;">(&#8220;Stage 2&#8221;)</font><font style="font-family:inherit;font-size:10pt;">, which is in development with all necessary regulatory approvals in place, includes Train 3, </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> LNG storage tank and the completion of the second partial berth. The </font><font style="font-family:inherit;font-size:10pt;">CCL Project</font><font style="font-family:inherit;font-size:10pt;"> also includes a </font><font style="font-family:inherit;font-size:10pt;">23</font><font style="font-family:inherit;font-size:10pt;">-mile natural gas supply pipeline that will interconnect the Corpus Christi LNG terminal with several interstate and intrastate natural gas pipelines </font><font style="font-family:inherit;font-size:10pt;">(the &#8220;Corpus Christi Pipeline&#8221;)</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The CCL Stage III entities, our wholly owned subsidiaries, are also developing additional Trains and </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> LNG storage tank at the Corpus Christi LNG terminal adjacent to the </font><font style="font-family:inherit;font-size:10pt;">CCL Project</font><font style="font-family:inherit;font-size:10pt;">, along with a second natural gas pipeline.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cheniere Marketing is engaged in the LNG and natural gas marketing business and is developing a portfolio of long- and medium-term SPAs. Cheniere Marketing has entered into SPAs with SPL and CCL to purchase, at Cheniere Marketing&#8217;s option, LNG produced by the </font><font style="font-family:inherit;font-size:10pt;">SPL Project</font><font style="font-family:inherit;font-size:10pt;"> and the </font><font style="font-family:inherit;font-size:10pt;">CCL Project</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are also in various stages of developing other projects which, among other things, will require acceptable commercial and financing arrangements before we make a final investment decision </font><font style="font-family:inherit;font-size:10pt;">(&#8220;FID&#8221;)</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of Consolidated Financial Statements in conformity with </font><font style="font-family:inherit;font-size:10pt;">GAAP</font><font style="font-family:inherit;font-size:10pt;"> requires management to make certain estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and the accompanying notes. Management evaluates its estimates and related assumptions regularly, including those related to the value of property, plant and equipment, goodwill, collectability of accounts and notes receivable, derivative instruments, asset retirement obligations </font><font style="font-family:inherit;font-size:10pt;">(&#8220;AROs&#8221;)</font><font style="font-family:inherit;font-size:10pt;">, income taxes including valuation allowances for net deferred tax assets, share-based compensation and fair value measurements. Changes in facts and circumstances or additional information may result in revised estimates, and actual results may differ from these estimates.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>

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